Big Dem Donor Scammer

No it's not big Dem donor Bernie Madoff, it's someone new, the head of the Stanford Group. Yes, they scammed people by claiming too good to be true rates on CDs, but there's more. Here's a pix of Stanford exchanging hugs at a party at the Dem convention in Denver with Nancy, which he helped underwrite. And ABC's the Blotter:

But now the SEC's fraud charges may be the least of Stanford's worries. Federal authorities tell ABC News that the FBI and others have been investigating whether Stanford was involved in laundering drug money for Mexico's notorious Gulf Cartel.

Authorities tell ABC News that as part of the investigation, which has been ongoing since last year, Mexican authorities detained one of Stanford's private planes. According to officials, checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most violent gang. Authorities say Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.

Pols are now rushing to donate the tainted money to charity.